Week of Feb 6 – 10: Overbought & Oversold
Two weeks into the official Trump Administration and through the major earnings reports, we ended last week off a better than expected JOBS Report and double topped the S&P 500 to our highs from Tuesday, January 24. There is a large consensus that this WAVE 3 since the Election is reaching it peak, SPX 2301 - 2305, which is due a reset, 55 S&P 500 tickers have a 14-Day RSI over 70%, 8 over 80%, almost all of which are [...]